Life Insurance and Euro Zone's Economic Growth

Hou, Han; Cheng, Su-Yin; Yu, Chin-Ping

doi:10.1016/j.sbspro.2012.09.1165

Cited by 18 publications

(13 citation statements)

References 15 publications

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“…This study corroborates the claims of Hou, Cheng and Yu [1] and Fasecolda [6], stating that insurance (product significance) and particularly an insurance policy's attributes coincide not only as an important source of investment in the capital markets but also as a life investment and source of goal achievement for participants. It is confirmed that although there have been a number of advances in the identification of factors that influence decision-making among insurance consumers, particularly in life solutions [20], [21], [22], these have focused on the influence of demographic factors [22] and socioeconomic factors [21], [22], but have not taken into account marketing factors that lead to higher or lower odds of purchase decision.…”

Section: Discussionsupporting

confidence: 89%

“…Life insurance has become a product of increasing importance to the financial market because it provides an array of financial services to consumers and is also an important source of investments in the capital markets [1]. The insurance market plays at least two important roles in stimulating economic growth.…”

Section: Introductionmentioning

confidence: 99%

“…Second, the insurance market influences economic performance although through different channels. However, there are few studies on the role of the insurance market in the economic growth process [1]. Globally, the insurance sector faced a dire economic situation in 2011, as advanced markets contracted 2.3%, mainly in Western Europe, while the United States posted moderate growth of 2.9%.…”

Section: Introductionmentioning

confidence: 99%

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Characterization of the Purchase Decision Process in the Category of Individual Life Insurance with Savings

González¹,

Muñoz²,

Robayo-Pinzón³

et al. 2019

Int J Ind Eng Manag

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Section: Discussionsupporting

confidence: 89%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Characterization of the Purchase Decision Process in the Category of Individual Life Insurance with Savings

González¹,

Muñoz²,

Robayo-Pinzón³

et al. 2019

Int J Ind Eng Manag

View full text Add to dashboard Cite

show abstract

“…For the variables related to the household, we set   , the preference of parameter for the composite monetary asset, at 001, and the share parameter in the index of cash holding, , at 040. The combination of these values yields a deposit plus cash to output ratio of 90 percent, which is on average the ratio of liquid assets to GDP observed in the European Union (see Levine et al (2000) and Hou et al (2012)).…”

Section: Parameterizationmentioning

confidence: 99%

Loan Loss Provisioning Rules, Procyclicality, and Financial Volatility

Agénor

Zilberman

2015

Journal of Banking & Finance

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Interactions between loan-loss provisioning regimes and business cycle fluctuations are studied in a dynamic stochastic general equilibrium model with credit market imperfections. With a specific provisioning system, provisions are triggered by past due payments. With a dynamic system, both past due payments and expected losses over the whole business cycle are accounted for, and provisions are smoothed over the cycle. Numerical experiments with a parameterized version of the model show that a dynamic provisioning regime can be highly effective in mitigating procyclicality of the financial system. The results also indicate that the combination of a credit gap-augmented Taylor rule and a dynamic provisioning system with full smoothing may be the most effective way to mitigate real and financial volatility associated with financial shocks.

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“…Moreover, the short-run causality results indicated a diverse pattern of short-run adjustment dynamics between the variables, including the possibility of feedback between them in several instances. Hou et al (2012) studied the effects of financial institutions on economic growth using a panel data for 12 Euro countries. They reported that life insurance penetration and banking development had not had any effect on real outputs.…”

Section: Introductionmentioning

confidence: 99%

The effect of private investment, exports, imports, inflation and GDP on per capita premium: Evidence from members of OPEC countries

Abedini¹,

Darabi²

2015

10.5267/j.msl

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In this study, we examine the relationship between GDP, export, import, private sector investment and inflation on insurance per capita of OPEC countries. Insurance is a non-banking institution that by making sure and secure, can make and develop manufacturing and service rendering easier. Insurance companies can make financial steady and reduce stress. So, it plays essential role in economy. For this aim, data over the period 2003-2011 is collected. We use regression and SPSS software for analysis. Results for 80 year -country show that there was a positive and significant correlation between GDP, export, import, inflation and insurance per capita, which shows whenever productivity increases, insurance increases too. Results also show that there was a positive relationship between import and insurance per capita. In addition, results show that there was a positive and significant relationship between inflation and dependent variable. However, there was no significant relationship between exports and insurance per capita. The results show that there was no significant relationship between GDP and insurance per capita and finally, there was a non-significant and negative relationship between private sector investment and insurance per capita.Growing Science Ltd. All rights reserved. 5

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Life Insurance and Euro Zone's Economic Growth

Cited by 18 publications

References 15 publications

Characterization of the Purchase Decision Process in the Category of Individual Life Insurance with Savings

Characterization of the Purchase Decision Process in the Category of Individual Life Insurance with Savings

Loan Loss Provisioning Rules, Procyclicality, and Financial Volatility

The effect of private investment, exports, imports, inflation and GDP on per capita premium: Evidence from members of OPEC countries

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